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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPowell begins, really plays down May Nonfarms...>
FED: Powell begins, really plays down May Nonfarms surprise: "Even after the
unexpectedly positive May empl report, nearly 20 mln jobs have been lost on net
since Feb , and unemp rate has risen about 10 pp to 13.3%. As was highlighted by
BLS, this figure likely understates extent of unemployment accounting for the
unusually large number of workers that reported as employed but absent from jobs
would raise the unemp rate by about 3 percentage points."
- Also "despite improvement in May jobs report, unemployment is historically
high"
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.